The bottom line: A big sign-up bonus, high ongoing rewards in common business spending categories and an array of perks make this card well worth the annual fee.
Pros & Cons
- New cardholder bonus offer
- Bonus categories
- Transfer partners
- Has annual fee
- No intro APR offer
Compare to Other Cards
15.99% - 20.99% Variable APR
14.24% - 22.24% Variable APR
14.24% - 22.24% Variable APR
Recommended Credit Score
Recommended Credit Score
Recommended Credit Score
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The from Chase is firmly entrenched in the ranks of the best credit cards for small businesses, thanks to a jumbo sign-up bonus, a high rewards rate in common business categories and a slew of valuable perks.
If you do a lot of traveling for business or your spending otherwise matches the bonus categories, the may be well worth its annual fee.
Card type: .
Annual fee: .
Sign-up bonus: .
You can redeem points for cash, gift cards, travel and eligible products or services. Points are generally worth about a penny each, with one notable exception: When you redeem your points for travel booked through Chase Ultimate Rewards®, they're worth 1.25 cents apiece.
Foreign transaction fee: None.
. This bonus is among the highest available on any card in any category, but it comes with a hefty minimum spending requirement. Still, if your typical spending can cover that, the bonus could be enough to pay for an entire business trip. Or think of it this way: The bonus can cover the cost of carrying the card for more than 10 years.
The gives you 1 Chase Ultimate Rewards® point per dollar spent — but that jumps to 3 points per dollar on the first $150,000 in combined spending in these categories:
Some business credit cards cap your spending at a much lower threshold or limit the high rewards rate to only one category. This card lets you earn top rewards in a variety of popular categories that you’re likely to use.
When you redeem your points for travel booked through Chase Ultimate Rewards®, they're worth 1.25 cents apiece. (That's the same high redemption value that helps make the so popular with leisure travelers.) Business owners who frequently spend on travel will get more value when they redeem their points for airfare, accommodations and more through Chase's portal.
You have the flexibility of transferring points on a 1:1 basis to a dozen popular airline and hotel loyalty programs. Depending on which partner you choose and how you redeem those points, transferring may offer outsized value. Partners include:
Some credit cards are packed with travel-friendly features, but they make poor companions abroad. That’s not the case with the . As part of the Visa network, the card is broadly accepted by merchants worldwide. It also doesn’t charge foreign transaction fees, which will save you money on your overseas purchases.
The card’s travel protections can spare you some headaches and money when your travel plans derail. Trip cancellation and interruption insurance reimburses you up to $5,000 per trip (including passenger fares, tours and hotels) when your trip is canceled due to sickness, severe weather conditions and other qualifying scenarios.
The reimburses you when a car rented for business purposes is damaged or stolen. You’ll have to pay for your trip and car rental with the card to qualify for coverage. The car rental benefit also requires you to decline the car rental agency’s collision insurance. Other terms apply.
Purchases are covered for up to 120 days against damage or theft, up to $10,000 per claim and $50,000 per account. The extended warranty protection also adds an extra year to eligible manufacturer warranties of three years or less.
The Ink Business Preferred℠ Credit Card pays up to $600 per claim for damage or theft of cell phones for you and your employees when the bill is paid using your card. There’s a maximum of three claims in a 12-month period, and there is a $100 deductible for each claim.
Employees whom you approve as authorized users on the account get free cards that help you earn rewards. You can control these accounts by setting spending limits for each employee.
The is an excellent card, but it's not perfect, or even appropriate, for every business. Here are some possible reasons why you may want a different business credit card.
The -annual-fee offers 1.5 points per $1 spent on all purchases (3 points per $1 spent on travel purchases booked through the Bank of America® Travel Center). As a Mastercard without foreign transaction fees, this card is also an ideal payment method for purchases made abroad.
offers a lengthy break from interest payments. You'll get an introductory . This card earns 2 points per $1 spent on the first $50,000 in purchases made per year, and then 1 point per $1 spent after that. It has a annual fee. Terms apply (see ).
If you don't travel much or spend money in the other bonus categories, you'll miss out on most of the ongoing value of the . The earns 5% cash back on up to $25,000 a year in combined spending at office supply stores and on internet, cable and phone services; 2% back on up to $25,000 a year in combined spending at gas stations and restaurants; and 1% back on everything else. You also can earn one of the biggest sign-up bonuses on any card with a annual fee: Or if you don't want to keep track of categories at all, consider a flat-rate card — one that pays the same rate on all purchases. For example, the card gives you an unlimited 2 miles per dollar on every purchase.
may merit a closer look if your business spends a lot of money on travel annually. It has a annual fee, but the long list of perks and benefits can offset the cost as long as you use them. It earns 5 Membership Rewards points per $1 spent on flights and prepaid hotels booked through amextravel.com, 1.5 points per $1 spent (up to 1 million extra points annually) on eligible purchases of $5,000 or more and 1 point per $1 on everything else. Terms apply (see ). (.)
The checks about as many boxes as a card can for business travelers without charging an annual fee in the hundreds of dollars. Check your books to see how well your expenses jibe with the bonus categories. If there's a lot of overlap, don't be afraid to pull the trigger.
To view rates and fees of , see . To view rates and fees of , see .
on Chase's website
Frequently asked questions
You earn 3 points per dollar on the first $150,000 in combined purchases each year on travel; shipping purchases; internet, cable and phone services; and advertising purchases made with social media sites and search engines. Other spending earns 1 point per dollar.
It's best thought of as a travel rewards card for small-business operators and entrepreneurs. Although the points you earn with this card can be redeemed for statement credit, they're worth 25% more when you use them to book travel through Chase. You can transfer points to airline and hotel partners. And the bonus categories on the card include 3 points per dollar spent on travel.
If you use them to book travel through Chase — such as for airfare, hotels, rental cars or cruises — points are worth 1.25 cents each. If you redeem them for cash, they’re worth 1 cent apiece. If you transfer your points to an airline or hotel program, the value you get depends on how you redeem them in those programs.
Yes. The annual fee is .
Both offer bonus rewards in specific categories, but those categories differ: For the , they're travel, shipping, telecom and advertising; for the , they're office supply stores, telecom, gas stations and restaurants. The has a annual fee, but the has more perks.
If you — freelancing, gig work and side hustles qualify — and have good to excellent credit, you may be approved for the . Good credit generally means a credit score of 690 or better. But keep in mind that card issuers also take into account your income, existing debts and other information when reviewing your application.
Yes. You can combine your points from multiple Chase cards you hold — including small-business and consumer cards. Plus you can transfer points to one member of your household. If you hold a Chase card like the , you can transfer your points to a variety of travel partners.